Daily Briefing: Singapore's venture investments jump to $725.3m; Rail Corridor enhancement to begin in 2018
And here's how to know whether you're better for freehold or leasehold properties.
From Bloomberg Finance:
The venture industry continues to be led by the U.S., which accounted for $21.5 billion of the $39 billion total invested in the third quarter, according to KPMG’s Venture Pulse Q3 2017 report. Asia is the second-largest region at $12.3 billion, with China pulling in $10.2 billion of that total.
Singapore venture investments totaled $725.3 million in the second quarter of this year, boosted by Sea Ltd.’s $550 million funding round, according to KPMG. In the following three months, investments totaled $140.3 million.
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From PropertyGuru:
Enhancement works along the central portion of the Rail Corridor is targeted to start next year, announced the Urban Redevelopment Authority (URA) and National Parks Board (NParks) on Saturday (21 October).
The 4km stretch is located between the conserved Bukit Timah Railway Station and Hillview. Aside from its lush surroundings and railway heritage structures, it is frequented by visitors due to its proximity to several nature and recreational attractions.
Before commencing the enhancement works, both agencies have launched an exhibition showcasing the preliminary design for Rail Corridor (Central) so that the public can provide more feedback. The initial design was derived from proposals submitted by consultancies as well as feedback and comments obtained from the community and other stakeholders since 2011.
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From PropertyGuru:
In land-scarce Singapore, space is a luxury. A spacious property that can house three generations comfortably is increasingly rare. While many remember the brisk sales and popularity of “mickey mouse” apartments a few years ago, President Halimah’s jumbo HDB flat has brought the spotlight to larger units. So what is the attraction of a larger home?
For starters, a larger residential property will allow the homeowner to age in place; allowing them to go through all stages of life without the hassle of constant moving. On the other hand, the owner of a small unit is likely to have to move several times to cater to his changing housing requirements as his family structure changes.
Read more here.
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